Updating payee attributes for electronic payments, based on a communicated change
An electronic device with a personal knowledge base and AI model automatically updates payee attributes based on communication records, ensuring accurate future payments by detecting and confirming changes, thus preventing incorrect payments.
US20260141442A1Pending Publication Date: 2026-05-21MOTOROLA MOBILITY LLC
View PDF 19 Cites 0 Cited by
Patent Information
- Authority / Receiving Office
- US · United States
- Patent Type
- Applications(United States)
- Current Assignee / Owner
- MOTOROLA MOBILITY LLC
- Filing Date
- 2024-11-17
- Publication Date
- 2026-05-21
AI Technical Summary
Technical Problem
Existing electronic devices often fail to accurately update payee attributes for scheduled payments when changes occur, leading to incorrect payments being made to the wrong vendor or account, resulting in potential loss of funds or inconvenience.
Method used
An electronic device with a personal knowledge base and AI model that monitors communication records for payee attribute changes, automatically updating payee contacts and ensuring accurate future payments by generating notices and allowing user input to confirm changes.
Benefits of technology
Ensures that future payments are made to the correct payee by automating the update of payee attributes based on communicated changes, reducing the risk of errors and maintaining financial stability.
✦ Generated by Eureka AI based on patent content.
Smart Images
Figure US20260141442A1-D00000_ABST
Abstract
An electronic device, a method, and a computer program product manage an automated update of payee attribute(s) in a payee contact used for electronic payments, the update based on a communicated change. The electronic device maintains a payee contact having payee attribute(s) of a payee used for a future payment. In response to identifying a reported change of the payee attribute(s) associated with the future payment, the electronic device generates and presents, via output device(s) of the electronic device, a notice of the reported change required in at least one payee attribute associated with the transaction. In response to receiving a user input to record a corresponding change to the payee attribute(s) corresponding to the reported change, the electronic device updates the payee attribute(s) stored in the payee contact with the communicated payee attribute(s) associated with the future payment for the transaction.
Need to check novelty before this filing date? Find Prior Art